Daimler to cut fixed costs and take Mercedes more upmarket
FRANKFURT (Reuters) – German automaker Daimler will cut fixed costs, capex and R&D spending at Mercedes-Benz by more than 20% by 2025 as [...]
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Daimler's designated chairman Zetsche renounces job
Daimler AG CEO Dieter Zetsche looks on ahead of the Daimler annual shareholder meeting in Berlin, Germany, May 22, 2019. REUTERS/Hannibal Hanschke/FilesFRANKFURT (Reuters) [...]
Daimler AG to pay $1.5B to settle emissions cheating probes
Advance Auto Parts CEO: Current fear of public transit leading to higher used car sales Advance Auto Parts CEO and President Tom Greco [...]
Daimler to stop building sedans in the U.S. after second-quarter loss
FRANKFURT (Reuters) – Daimler (DAIGn.DE) will stop building Mercedes-Benz sedans in the United States and Mexico as it seeks deeper cuts after posting [...]
Daimler's second-quarter EBIT hit by coronavirus, restructuring costs
FRANKFURT (Reuters) – Daimler (DAIGn.DE) said on Thursday it will stop building Mercedes-Benz sedans in the United States and Mexico as part of [...]
Daimler's Mercedes-Benz to streamline global production network
FRANKFURT (Reuters) – Daimler’s (DAIGn.DE) Mercedes-Benz is seeking to streamline global production, the German carmaker said on Friday, resulting in a restructuring charge [...]
UPDATE 1-Proxy advisor Glass Lewis calls on Daimler investors to abstain from vote on boards
(Adds details on recommendation change) FRANKFURT, June 25 (Reuters) – Proxy advisor Glass Lewis on Thursday recommended Daimler shareholders abstain from this year’s [...]